Market News
Stay on top of the major news, data and analysis moving forex and global financial markets.
Indonesian Rupiah strengthens amid Prabowo's growth target, weaker US Dollar
USD/IDR extends its losses for the second successive day, trading around 17,820 during the Asian hours on Monday. The pair may face thin trading conditions as trading volumes remain subdued amid Indonesia’s Independence Day holiday.
USD/JPY Price Forecast: Struggles near 159.00; seems vulnerable below 50% Fibo.
The USD/JPY pair attracts some sellers at the start of a new week, though it lacks bearish conviction and shows some resilience below the 159.00 mark during the Asian session.
Euro rallies to two-month high, eyes 1.1600 as USD struggles amid receding Fed hike bets
The EUR/USD pair builds on last week's bounce from the vicinity of the 1.1500 psychological mark and attracts follow-through buyers for the third straight day.
Japan Capacity Utilization climbed from previous 0.1% to 4.1% in June
Japan Capacity Utilization climbed from previous 0.1% to 4.1% in June
Japan Industrial Production (YoY) increased to 4.9% in June from previous 4.2%
Japan Industrial Production (YoY) increased to 4.9% in June from previous 4.2%
Japan Tertiary Industry Index (MoM) above forecasts (-1%) in June: Actual (-0.2%)
Japan Tertiary Industry Index (MoM) above forecasts (-1%) in June: Actual (-0.2%)
Japan Industrial Production (MoM) registered at 1.9% above expectations (1.3%) in June
Japan Industrial Production (MoM) registered at 1.9% above expectations (1.3%) in June
AUD/JPY Price Forecast: Edges higher above 113.00, bullish bias prevails above 100-day SMA
The AUD/JPY cross trades in positive territory near 113.00 during the early European session on Monday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) amid weaker-than-expected Japanese Gross Domestic Product (GDP) data.
Indian Rupee moves little as RBI swap exit, US Dollar weakens
The Indian Rupee (INR) remains stronger against the US Dollar (USD) on Monday after two days of losses, with the USD/INR pair trading around 95.60 at the time of writing.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Monday, according to data compiled by FXStreet.
Gold sticks to gains near $4,400 as USD slumps to two-month low on receding Fed hike bets
Gold (XAU/USD) maintains its bullish tone through the first half of the European session and currently trades around $4,400, up for the second straight day. The commodity, however, remains below the highest level since June 5, touched last Thursday, amid a mixed fundamental backdrop.
EUR/JPY Price Forecast: Tests rising wedge bottom near 184.00
EUR/JPY depreciates after two days of gains, trading around 184.20 during the Asian hours on Monday.
United States Dollar Index weakens to near 99.50 as traders push back Fed rate hike bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.50 in the Asian trading hours on Monday. The DXY loses momentum as data showed US Retail Sales unexpectedly declined in July.Â